March RBOB did hold support at 303.38 as hoped but then burst through resistance in the 307/308 area. We have therefore embarked on the next leg of the bull run which should target 320 & probably as far as 323.89.

If we cannot beat yesterday’s high of 313.86 we may see a small pullback to find support at 310.18 then 308.20/00 which should hold the downside.



Long term levels

309.22     Weekly 61.8% Fibonacci

306.98     Last Week’s High

305         January High

298.25     Last Week’s Low

290.78     100 Week Moving Average

283.95     December High

269.15     Jan Low


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